Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I move amendment No. 22:

In page 86, line 6, to delete “letter” and substitute “giving of notice”.

Amendments Nos. 22 and 23 are corrections to errors which arose on Committee Stage. The ICAV Bill 2014, as passed by the Dáil on Committee Stage, provides for varying forms of notice, not simply notice by way of letter but two references to the bank giving notice by registered letter were overlooked. The use of new forms of communication to communicate with ICAV managers on various matters is a commonsense change from company law generally given the highly sophisticated nature of the collective asset management industry. We made this change in the previous Bill but there are two places in the Bill where we did not include the new forms of communication.

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